Special thanks to Benjamin Pezzillo of https://pactriglo.com/ for providing this summary and original document. Recently passed Senate Bill 1069 is a move to help ease California’s housing crisis, making “granny units” easier and less expensive to build throughout the state. The new Accessory Dwelling Units (ADUs) can potentially save thousands of dollars in fees and […]

by Jodi Summers Silicon Beach with a view…that’s what they call Playa Vista. It used to be that the incorporated city of Santa Monica was the gem in the crown – great location, better services, name recognition…rents about $4/sf, but since the rise of Silicon Beach, such is not the case. Culver City is now […]

by Jodi Summers Watch our Metro grow. In the most recent presidential elections, LA approved Measure M – the half-cent sales tax increase to fund new public transit projects and infrastructure improvements. Here’s our metro – now and future… As an FYI, Angelinos spend an average of 81 hours a year stuck in traffic. Currently, […]

by Jodi Summers Have neighborhood rents finally topped out? Los Angeles’ high rents are impacting the city’s demographics, as young people leave the city for more affordable metros elsewhere in the country. A new report from Apartment List analyzed the Census data of 18- to 34-year olds from 2005 to 2015 and found the number […]

by Jodi Summers Woo Hoo! Santa Monica’s recently developed Ocean Avenue South has been honored as a 2016 ULI Global Award for Excellence winner. The residential mixed-use, mixed-income development was one of 11 real estate development projects from around the globe. The ULI 2016 Global Awards for Excellence is one of the land use industry’s […]

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edited by Jodi Summers Donald Trump may be the most outspoken real estate billionaire, but he’s not the richest. The 2016 Republican Presidential Candidate had a net worth of $3.7 Billion at election time; in real estate terms, that ties him tied with local developer Rick Caruso at #156 on the Forbes list of billionaires. […]

by Jodi Summers We thought it was the luxury condos being built in the neighborhood driving up the condo prices in downtown Santa Monica, but according to Redfin it’s because the units are greener than almost every other place in the country. Indeed, in 2015, Downtown Santa Monica was 3rd on the list of the […]

by Jodi Summers California’s green protocols will continue to influence green building. January 2017 will see the application of “Title 24,” building energy efficiency standards set forth by the California Energy Commission. The updated building energy efficiency should cut regulated energy use in new homes by 28% and save consumers $31 a month compared to […]

by Jodi Summers Congratulations Los Angeles property entrepreneurs, you are meeting housing demands. It looks like LA real estate developers will add approximately 13,430 new multifamily units to the market by the end of the year. In an attempt to fill overwhelming demand, multiunit construction is at is fastest pace of development in 20 years. […]